Hello Bill,
Well I really don't know if silver is ready to surge and will reach your target. I've never been good at predicting futur metal prices. But for sure the technicals are good, stronger than gold.
I prefer to watch stocks very closely and moving in when they appear undervalued.
BTW, your reco on ECU make sense. I prefer, by a lot, First Silver, but Eco had such a small market cap that at $0.20 it was hard to make an mistake buying it. If they can improve their reserves and production numbers, they will do extremely well with higher silver prices. Spoke with A. St-Michel, a few weeks ago...and he certainly has both feet on earth.
I sure hope Armstrong is wrong on silver... who know if he is right or wrong on London hidden silver inventories. I feel it doesn't make sense as silver prices would have made new lows last year, below the 1992-93 lows, like gold did, if it was through. But who knows, he has better contact than I do.
CC
Editor, The Goldbug's Comment. |
